HSBC Mutual Fund has announced 10 July 2008 as the record date for declaration of dividend under dividend option of HSBC Fixed Term Series 32. The fund house has decided to distribute 100% of surplus available as on record date.
The NAV for the scheme under regular plan was Rs. 10.9102 while that of institutional plan was Rs 10.9515 as on 3 July 2008. HSBC Fixed Term Series 32 is a close-ended income scheme, which seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of plan. The scheme will charge 2% exit load if investment units redeemed before maturity.
The NAV for the scheme under regular plan was Rs. 10.9102 while that of institutional plan was Rs 10.9515 as on 3 July 2008. HSBC Fixed Term Series 32 is a close-ended income scheme, which seeks to generate reasonable returns by investing in a portfolio of fixed income instruments normally maturing in line with the time profile of plan. The scheme will charge 2% exit load if investment units redeemed before maturity.
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